May Valley Water Association
- Assets
- $928.8k
- Revenue
- $798.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Wiley, CO
- Founding
- 06/1968
- Data as of
- 06/2024
- EIN
- 84-6059738
Organization Overview
May Valley Water Association is located in Wiley, CO. The organization was established in 1968. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2024, May Valley Water Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. May Valley Water Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 06/2024, May Valley Water Association generated $798.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $836.8k during the year ending 06/2024. While expenses have increased by 7.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO MEMBERS UNDER THE MAY VALLEY WATER ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE POTABLE WATER TO CUSTOMERS IN RURAL BENT AND PROWERS COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg L Colvin President | Officer | 2 | $1,050 |
David Brase Vicepresident | Officer | 2 | $900 |
Mike Downing Secretary | Officer | 2 | $675 |
Dale Mauch Assistant Secretary | Officer | 2 | $825 |
Robert Fleming Director | Trustee | 2 | $900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carrisgan Excavating Replace Water Lines | 6/29/21 | $46,940 |
Dewitt Excavating Inc Repair Water Leaks | 6/29/21 | $30,928 |
Amairitek Services Inc Paint Storage Tanks | 6/29/21 | $20,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $689,887 |
| Investment income | $6,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $798,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,585 |
| Pension plan accruals and contributions | $7,536 |
| Other employee benefits | $34,104 |
| Payroll taxes | $20,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,879 |
| Travel | $51,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,647 |
| Insurance | $23,442 |
| All other expenses | $187,637 |
| Total functional expenses | $836,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $216,158 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $711,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $928,841 |
| Accounts payable and accrued expenses | $29,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,386 |
| Total liabilities | $36,271 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $892,570 |
| Total liabilities and net assets/fund balances | $928,841 |